Now that we are in a bull market for Bitcoin, what should we do to capitalize on this movement?
Should we trade altcoins?
I'm going to go over a brief strategy to play with for the next couple months.
If you have any Bitcoin, which I hope you do and I hope you bought around 6 to 7K then this is what you can do.
First keep what you have until we break 10k and we will talk about that in a second.
On the way to 10k you can hold or play the dips, up to you. If you have free time I would take a chance and day trade bitcoin to grow your bitcoin. It is not how much money your earn, but how much bitcoin you can accumulate. If you don't trust your self or don't have the time then I would just hold or put a stop loss in just in case we dip down againg (still a possibility).
Once we reach 10k then your bitcoin will have created around 60% to 70% which is pretty awesome. Now what do you do with that? You can do a couple things!
Stay in bitcoin for ever.
You can take your profits or however much you fell like and put it into some altcoins.
You can take your profits and invest into could Mining for either Bitcoin, ETH, LTC and Zcash.
You will need to sit down and look at all the options. Is bitcoin your game or do you like to play the market and dip into some altcoins. Also you could just sit back and get passive income by cloud mining.
All options are looking good, but the best thing to do is do them all!!!!! Ride the bitcoin train, dip into altcoins and get passive income if those go south. Diversification Diversification Diversification .
If you have any question PLEASE ask.
Thanks everybody and remember Stay savvy, get paid and STEEM ON!!!
